Table 3 Neighborhood characteristics[32]
Neighborhoods | Location | Average real estate price (RMB/m2) in 2010 | Development history | Primary land uses |
|---|---|---|---|---|
Neighborhood I (Wenlin) | Within the 1st ring | 13,000 | Oldest | Residential, higher education site nearby |
Neighborhood II (Ankang) | Between the 1st and the 2nd ring | 9,000 | Newer | Residential |
Neighborhood III (Shangyuan) | Outside the 2nd ring | 7,500 | Newest | Residential, higher educational institution nearby |